Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$82,852$82,852$315,000
Remaining term (yrs)16.716.730.0
Secondary amount$0$232,148$0
Funding fee$0$0$0
Note rate3.540%3.540%7.400%
Blended rate4.390%6.866%7.640%
1st payment$545.02$545.02$2,181.00
2nd payment$0.00$1,499.29$0.00
Taxes / mo$291.67$291.67$291.67
Insurance / mo$150.00$150.00$150.00
MI / mo$85.55$85.55$63.00
HOA / mo$0.00$0.00$0.00
Total monthly$1,072.23$2,571.52$2,685.66
Cash to close$267,148$35,000$35,000